REI Lense

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$1,729 (target)

2090 Leblanc St, Lincoln Park, MI 48146

3 beds • 2 baths • 2040 sqft

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This property looks like a bad Long-Term investment with a projected -6.96% first-year return on $48,069 initial cash invested.

-6.96%

Cash On Cash

5.46%

Cap Rate

0.84

DSCR

$1,729

Rent

-$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,729 income − $2,008 expenses = $279 out of pocket

Income$1,729Out of Pocket$279Mortgage P&I$1,23571%Property Taxes$24414%Insurance$805%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,069

Downpayment

20%

$45,780

Closing costs

1%

$2,289

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,729

Total Expenses

$2,008

Mortgage P&I

71%

$1,235

Property Taxes

14%

$244

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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